Vendor
Sovos Compliance
Company Website
- Sovos Global Tax Determination
Sovos Global Tax Determination is a cloud-based solution designed to empower businesses in managing sales and use global tax compliance risk. This always-on, always-available engine offers unparalleled availability, performance, and system integration options, built with business needs in mind. The solution aims to Solve Tax for Good®, handling tax compliance regardless of day, season, or complexity. It provides a robust platform for businesses to navigate the intricate landscape of global tax determination efficiently and effectively.
- LabelVision
LabelVision is a sophisticated visual search engine designed for the alcohol beverage industry. It provides access to a vast database of 1.5 million federally approved alcohol beverage labels, offering powerful tools for brand protection and market intelligence. This innovative solution caters to wineries, breweries, distilleries, importers, and distributors, enabling them to navigate the complex landscape of beverage alcohol compliance with ease and efficiency. LabelVision's comprehensive features allow users to conduct visual searches, track market trends, and ensure their labels meet regulatory standards. As a product of Sovos ShipCompliant, a trusted partner in beverage alcohol compliance, LabelVision leverages industry expertise to deliver a robust platform that streamlines label management processes and provides valuable insights for strategic decision-making in the competitive alcohol beverage market.
- Sovos Filing
Sovos Sales Use Tax Filing is a comprehensive solution designed to simplify and streamline the complex process of sales and use tax filing for businesses of all sizes. The software offers intuitive tools and expert services to help companies manage their tax obligations across multiple jurisdictions, ensuring compliance and reducing audit risks. Whether a business files 50 or 500 returns annually, Sovos provides tailored support, from self-service options to fully outsourced filing handled by tax professionals. The platform offers real-time status updates on returns and detailed reports on amounts due, providing transparency and peace of mind throughout the filing process. By addressing the challenges of growing businesses facing expanding tax thresholds in new jurisdictions, Sovos helps companies avoid falling behind in tax complexities and potential audit liabilities.
- Sovos CertManager
Sovos CertManager is an automated solution designed to streamline the customer exemption certificate process for businesses. This software addresses one of the most time-consuming and costly challenges faced by tax, finance, and IT teams, especially in light of the Wayfair decision. CertManager offers a comprehensive approach to managing exemption certificates, reducing the burden on internal teams and ensuring compliance with tax regulations. The system automates various aspects of certificate management, from collection to validation, storage, and reporting. For businesses seeking a completely hands-off approach, Sovos also provides managed services where their U.S.-based support team handles the entire exemption certificate process. By implementing CertManager, organizations can significantly reduce the time and resources spent on managing exemption certificates, improve accuracy, and mitigate compliance risks associated with sales tax exemptions.
- 1099 reporting
Sovos offers comprehensive tax information reporting solutions designed to simplify 1099 reporting, mitigate risks, and ensure complete compliance for organizations of all sizes. Their cloud-based platform streamlines and automates time-consuming processes, allowing businesses to focus on core operations while staying compliant with evolving regulations. Sovos provides real-time updates, expert-backed solutions, and industry-leading security measures to protect sensitive information. The software suite includes features such as real-time and bulk TIN validations, seamless integration with existing systems, direct-state reporting support, and automated corrections. With tiered pricing options, Sovos caters to individual filers, small to mid-sized businesses, and high-volume enterprise clients. Their managed services option further streamlines tax information reporting by outsourcing the entire process, enabling organizations to redirect internal resources to core business activities.
- Sovos Compliance Cloud
Sovos Compliance Cloud is the industry's first and only complete platform for tax compliance and regulatory reporting. It provides a unified solution for global businesses to manage their tax obligations, including indirect taxes, VAT, Sales and Use Tax, and various reporting requirements. The platform streamlines processes, centralizes data, and automates compliance tasks across multiple jurisdictions. It offers features such as transaction lifecycle visibility, automated reporting, and integration with financial systems. Sovos Compliance Cloud helps businesses stay ahead of regulatory changes, avoid penalties, and gain actionable insights from their compliance data. The platform is designed to scale with business growth, supporting companies in meeting diverse compliance obligations efficiently and accurately. By moving from disparate point solutions to a unified platform, businesses can potentially save significant costs and reduce compliance-related risks.
- Sovos VAT Determination
Sovos VAT Determination is an industry-proven software solution designed to streamline and enhance the VAT determination process for businesses. This powerful suite of secure and SAP Certified add-ons ensures reliable and transparent VAT determination decisions, significantly reducing the risk of tax compliance issues during future audits. By producing accurate data for invoices and subsequent periodic reporting, the software helps organizations maintain compliance with complex VAT regulations across various jurisdictions. Sovos VAT Determination is tailored to meet the needs of businesses operating in diverse industries and markets, offering a comprehensive solution to navigate the intricacies of VAT calculations and reporting requirements.
- Tax Withholding
Sovos' Tax Withholding software is an all-in-one solution designed to enhance the accuracy and efficiency of tax withholding payments and filings for large, complex financial institutions and corporations. It centralizes and automates multi-jurisdictional payments and reconciles returns for payroll, non-wage, and state unemployment taxes. The software ensures compliance with rapidly changing tax regulations, reduces the risk of penalties, and alleviates resource strain, allowing organizations to focus on strategic growth objectives.
- Sovos IPT Managed Services
Sovos IPT Managed Services offers comprehensive insurance premium tax (IPT) compliance solutions. This end-to-end, technology-enabled service covers rate determination, regulatory updates, return preparation, submission, and payment. It's designed to reduce compliance workloads and risks for businesses operating in multiple markets. The service leverages a team of local language experts and regulatory specialists who use dynamically updated software to monitor and interpret global regulations. This ensures that clients stay compliant with IPT requirements in their current markets and are prepared for expansion into new territories. Sovos' approach combines human expertise with advanced technology to provide a robust, adaptable solution for managing the complexities of IPT compliance across various jurisdictions.
- Sovos Use Tax Manager
Sovos Use Tax Manager is a comprehensive software solution designed to streamline and simplify use tax compliance for businesses. This powerful tool provides complete visibility into taxes accruing on purchases, offering control, accuracy, and flexibility to keep operations running smoothly. The software is engineered to handle complex tax scenarios, regardless of who makes purchases or from which vendors. By automating and centralizing use tax management, Sovos Use Tax Manager helps businesses reduce the risk of errors, minimize audit exposure, and ensure compliance with ever-changing tax regulations. It empowers finance teams to efficiently manage use tax obligations without slowing down business processes, ultimately saving time and resources while maintaining accuracy in tax calculations and reporting.
- Sovos IPT Determination
Sovos IPT Determination is a comprehensive solution designed to streamline and automate Insurance Premium Tax (IPT) compliance for insurers. With over 20 years of experience in IPT compliance, Sovos offers an intuitive IPT calculator that eases the burden of in-house tax research and eliminates the need for additional internal resources. The solution helps protect margins by reducing penalties and ensuring accurate tax payments. It automates data workflows between client underwriting systems and offers API integration capabilities for streamlined processes. By improving adaptability to fast-changing regulations, it protects businesses from financial and reputational risks. The solution also bolsters audit defense with complete and transparent audit trails. Sovos IPT Determination simplifies operations by managing all IPT compliance needs with a single global vendor, making it an ideal choice for complex insurers seeking efficient tax management.
- Sovos Compliance Services Portal for e-commerce
Sovos Compliance Services Portal for e-commerce is a comprehensive solution designed to simplify VAT compliance for businesses operating in the European Union market. This platform provides easy access to all simplified EU VAT reporting schemes, enabling e-commerce companies to maximize their growth potential in a market of half a billion consumers. The service facilitates seamless B2C transactions with fast delivery and eliminates unexpected customer VAT charges. By streamlining VAT compliance processes, Sovos helps businesses navigate the complexities of EU tax regulations, ensuring they can fully leverage the opportunities presented by the vast European market. The portal's user-friendly interface and robust features make it an essential tool for e-commerce companies looking to expand their presence in the EU while maintaining full compliance with VAT requirements.
- Sovos Filing Managed Services
Sovos offers Sales & Use Tax Filing Managed Services, designed to simplify and streamline the complex process of sales tax filing. Their US-based team of professionals ensures accurate and timely filings, backed by regulatory experts who stay current with the latest tax laws and mandates. By outsourcing tax filing obligations to Sovos, businesses can redirect their finance teams to other crucial initiatives, saving time and resources while minimizing risk. Sovos' managed services include Certified Managed Services in Pennsylvania and the Streamlined Sales Tax™ states, further reducing risk and costs for businesses. This comprehensive approach to sales tax compliance allows companies to focus on their core operations while Sovos handles the intricacies of tax filing, providing peace of mind and reducing the likelihood of audits.
- Affordable Care Act Reporting
Sovos ACA Reporting Software is a powerful solution designed to streamline Affordable Care Act (ACA) compliance for health insurers and companies with 50 or more full-time employees. This software simplifies the filing process for Forms 1094-B, 1095-B, and 1095-C, significantly reducing the time and effort required for ACA reporting. By automating complex reporting tasks, it helps organizations avoid costly penalties associated with inaccurate or late submissions of sensitive data. The software addresses the challenges faced by businesses, which often spend hundreds of hours annually on ACA compliance, with a substantial portion of that time dedicated to error correction. By leveraging this efficient tool, companies can ensure accurate and timely ACA reporting while freeing up valuable resources to focus on core business activities.
- ShipCompliant Compliance Consultant Account
ShipCompliant Compliance Consultant Account is a specialized solution designed for beverage alcohol compliance consultants. It helps manage the complex regulatory landscape of alcohol distribution and shipping, which involves numerous federal, state, and local regulations. The system streamlines and centralizes processes, enabling consultants to efficiently handle their clients' compliance needs while reducing complexity and ensuring adherence to regulations. As the direct-to-consumer shipping of alcoholic beverages has expanded to more states, the tool has become increasingly valuable in managing the growing number of compliance obligations. ShipCompliant has a proven track record of assisting many trusted compliance consultants in the industry, providing them with the means to create better visibility for their clients throughout the compliance process.
- Unclaimed Property Managed Services
Sovos offers Unclaimed Property (UP) Managed Service Solutions designed to ensure accurate, efficient, and timely reporting of unclaimed property. These solutions aim to reduce the risk and uncertainty associated with managing unclaimed property by providing tailored approaches to compliance, due diligence, and reporting. Sovos' expert staff and systems act as an extension of the client's team, relieving the burden of unclaimed property management. The company takes a customized approach to each customer engagement, making recommendations based on current staffing, expertise, budget, and ability to self-serve. This strategy allows Sovos to maximize value for each engagement by balancing customer needs with the benefits of outsourcing. By providing the necessary expertise, Sovos helps businesses stay ahead of rapidly changing state obligations related to unclaimed property.
- Product Registration Online (PRO) for States
Product Registration Online (PRO) is an advanced e-file solution designed for brand and label registrations, offering state administrators streamlined processes for viewing and approving submissions. Integrated directly with the TTB COLA database, it reduces errors in brand registration data and adapts to unique state regulations, including fee structures. Used by over 750 licensees across 15 states, PRO ensures a familiar and efficient platform for users. States adopting PRO experience significantly reduced workloads and faster approval times, averaging just two days.
- Sovos VAT Managed Services
Sovos VAT Managed Services combines expert human knowledge with advanced software to streamline VAT compliance for businesses operating globally. This service leverages a multilingual team of VAT specialists who utilize proprietary global tax compliance software, continuously updated to reflect changing VAT regulations worldwide. By staying abreast of regulatory changes, Sovos allows businesses to focus on their core operations while ensuring compliance across multiple markets. The service is designed to ease compliance workload, mitigate risks, and support companies in their current and future global expansion efforts. Sovos VAT Managed Services offers a comprehensive solution for businesses seeking to navigate the complex landscape of international VAT regulations, providing peace of mind and operational efficiency in tax compliance management.
- Education Services
Sovos Education Services offers comprehensive training and educational resources for insurance industry professionals. Led by experts, these services provide flexible learning opportunities to reduce operational risk and ensure employees have the right information and training. The offerings include real-time educational trainings, customized sessions, on-demand courses, and comprehensive manuals covering areas such as NAIC statutory statement preparation, accounting guidance, and statutory accounting theory for various insurance sectors. Participants can earn CPE credits while accessing content anywhere, anytime, and on any scale. The program features shorter pop-up webinars on current topics and important regulatory changes, as well as access to an extensive on-demand course library. Sovos Education Services aims to boost internal training programs and provide the most comprehensive manuals in the insurance industry for annual statement and federal income tax preparation.
- Unclaimed Property Reporting
Sovos Unclaimed Property Reporting is a comprehensive solution designed to automate and streamline the process of managing unclaimed property for businesses. The software offers a range of features to handle various aspects of unclaimed property reporting, from calculating dormant accounts to generating compliant reports and meeting due diligence requirements. It caters to businesses of all sizes, from small companies with basic needs to large enterprises with complex reporting requirements across multiple states. The solution ensures compliance with state-specific regulations and National Association of Unclaimed Property Administrators (NAUPA) standards. With options for self-service software, managed services, and consulting, Sovos provides flexible solutions to meet diverse business needs while maintaining efficiency and regulatory compliance in unclaimed property management.
- Sovos eInvoice
Sovos eInvoice is a global e-invoicing compliance solution designed to help businesses navigate the complex landscape of real-time tax reporting and compliance across different countries. As governments worldwide leverage technology to close tax loopholes, this product enables companies to adapt to varying country-specific requirements and transform business-to-government compliance throughout their supply chain. Sovos eInvoice aims to minimize compliance-related issues and errors, which can be costly in terms of time and profits. The solution emphasizes accuracy in e-invoicing processes, helping businesses stay ahead of the rapidly evolving global tax compliance landscape. By offering a comprehensive approach to e-invoicing compliance, Sovos eInvoice assists organizations in turning continuous tax compliance into a strategic advantage, ensuring they meet regulatory requirements efficiently and effectively.
- Unclaimed Property Consulting
Sovos offers expert unclaimed property consulting services to help businesses mitigate risks associated with audits. Their team of experienced consultants provides support in drafting and implementing effective policies and procedures, identifying compliance risks, and managing Voluntary Disclosure Agreement (VDA) responses. Sovos aims to simplify the audit process and improve operational efficiency, allowing companies to focus on core business responsibilities. With decades of industry experience, Sovos consultants work closely with clients to develop tailored solutions that address potential unclaimed property risks and ensure compliance with up-to-date regulations.
- Continuous Transaction Controls
Sovos Continuous Transaction Controls (CTC) is a comprehensive tax technology solution designed to help businesses comply with evolving global tax regulations. It addresses the increasing trend of tax administrations requiring detailed transaction records or involvement in the invoicing process. The solution offers a standardized approach to tax compliance across various jurisdictions and enterprise systems, enabling businesses to adapt to legal and business changes efficiently. As part of Sovos' VAT Compliance Solution Suite, CTC services include reporting, e-invoicing, periodic reporting, SAF-T, and eArchive functionalities. This integrated approach allows companies to maintain a consistent global compliance strategy while scaling their operations. By providing a cost-effective, secure, and flexible solution, Sovos empowers businesses to navigate the complexities of global tax compliance and withstand the disruptions caused by evolving CTC trends.
- VAT-Reporting
Sovos VAT Filing is a comprehensive VAT and SAF-T compliance solution designed to streamline periodic reporting obligations for global and multinational companies. It automates, centralizes, and standardizes processes for meeting VAT reporting requirements across multiple jurisdictions, addressing the challenges of ever-changing and fragmented VAT rules. The software provides global coverage, empowering tax and shared services teams to comply efficiently and accurately with VAT obligations wherever they operate. It offers automated data extraction, mapping to the latest VAT declarations, and integration with tax authority portals. Sovos VAT Filing also includes dashboards, trend analysis, and reports for valuable operational and strategic insights. The solution covers extensive tax authority periodic reporting requirements for both EU and non-EU jurisdictions, including VAT returns, EC Sales and Purchase Lists, Intrastat Declarations, complex reports (including SAF-T), and other country-specific declarations.
- Insurance Statutory Reporting
Sovos Statutory Reporting Software is a comprehensive solution designed to streamline and automate insurance statutory reporting processes. It addresses the time-consuming and complex tasks associated with regulatory compliance, such as reporting to the National Association of Insurance Commissioners (NAIC) and states, cross-checking data, and monitoring filing changes. By automating these manual processes, the software helps insurance companies save time, reduce errors, and focus on more strategic activities. Sovos Statutory Reporting Software, formerly known as Wings Insurance Software, offers a range of features to simplify annual and quarterly statement preparation, data entry, and financial statement annotation. The solution aims to alleviate the burden of compliance, allowing insurance companies to improve efficiency and accuracy in their statutory reporting obligations.
- ShipCompliant Direct
ShipCompliant Direct is a winery direct-to-consumer (DtC) software designed to simplify compliance with evolving shipping laws. This cloud-based platform integrates with major DtC e-commerce, point-of-sale, and fulfillment systems to provide a comprehensive solution for wineries. It offers accuracy, automation, and ease of use, helping businesses navigate the complexities of DtC shipping while minimizing compliance risks. The software enables wineries to control compliance, tax collection, and remittance processes, providing peace of mind as they expand their DtC channel. By centralizing these functions, ShipCompliant Direct allows wineries to focus on growing their business while ensuring they remain compliant with the ever-changing regulatory landscape of direct-to-consumer wine shipping.
- Sovos Taxify
Sovos Taxify is a comprehensive sales tax filing solution designed for small to medium-sized businesses. It combines award-winning software with expert managed services to address the complexities of sales tax compliance. Taxify caters to a wide range of businesses, from startups selling on Amazon to manufacturers expanding into new regions and omni-channel sellers with multiple sales channels. The solution aims to alleviate the burden of complex sales tax obligations, allowing businesses to focus on their core objectives while ensuring accuracy and reducing risk in their tax filing processes.
- Sovos Delivery Experience
Delivery Experience is an alcohol delivery software by Sovos ShipCompliant designed to enhance the direct-to-consumer (DtC) shipping process. This solution focuses on effectively managing customers' shipping experiences, aiming to achieve successful first-attempt deliveries and minimize costly returns. By extending a premium experience to home delivery, Delivery Experience helps alcohol shippers navigate the complexities of DtC shipping, ensuring compliance and improving customer satisfaction.
- ShipCompliant License Management
ShipCompliant License Management by Sovos simplifies the process of obtaining and renewing beverage alcohol licenses across state lines. It consolidates state-specific licensing requirements, provides direct links to necessary forms, tracks renewal deadlines, and sends timely reminders for filing renewals.
- Product Registration Online (PRO)
Product Registration Online (PRO) is a specialized software solution designed for suppliers, distributors, and importers in the alcoholic beverage industry. It streamlines the process of brand and label registrations for beer, wine, spirits, and no-COLA products in participating states. PRO offers a fast and efficient electronic registration system that significantly reduces approval times, allowing businesses to bring new products to market more quickly compared to traditional paper filing methods. The software's integration with the Alcohol and Tobacco Tax and Trade Bureau (TTB) automates the retrieval of Certificate of Label Approval (COLA) information, eliminating the need for manual searches in federal databases. This comprehensive tool aims to simplify compliance procedures and accelerate product launches in the highly regulated alcoholic beverage sector.
- Alcohol Carrier Compliance
Carrier Compliance is a specialized solution designed for common carriers in the U.S. alcohol industry. It simplifies the process of tracking and maintaining license statuses for direct-to-consumer (DtC) shipments. This tool creates a centralized online platform where alcohol carriers can efficiently review, filter, export, and integrate license information into their in-house systems. By leveraging Sovos ShipCompliant's extensive customer license information database, Carrier Compliance helps mitigate risks and ensures compliance with state requirements. It's particularly valuable for non-ShipCompliant customers who need to maintain their license information. The solution streamlines operations, enhances regulatory compliance, and provides a user-friendly interface for managing crucial licensing data in the alcohol distribution sector.
- ShipCompliant 3-Tier Reporting
ShipCompliant Distribution Compliance and Management is a comprehensive solution designed to streamline and manage state gallonage and excise reporting for businesses in the alcohol industry. This product automates the complex process of tax reporting, ensuring compliance with state regulations while providing full visibility into reporting filings. It offers a centralized project tool to track state requirements, forms, and important license renewal deadlines, making distribution compliance more efficient and manageable. The system includes a state details guide, covering license forms, brand registration requirements, and tax compliance information. By automating these critical processes, ShipCompliant helps businesses in the alcohol distribution sector save time, reduce errors, and maintain compliance across multiple jurisdictions.
- Market Ready
Market Ready is a comprehensive solution designed to streamline and automate compliance processes for businesses operating within the three-tier alcohol distribution system. This innovative tool significantly reduces the time and effort required for expanding into new states by centralizing and automating various compliance tasks. Market Ready offers seamless integration with multiple government systems, streamlines product and brand label registrations, and serves as a central repository for all brand compliance data. It provides a centralized project management tool to track state requirements, forms, and important license renewal deadlines. Additionally, it guides users through all aspects of distribution compliance, including state license forms, brand registration requirements, and tax compliance. Market Ready is an essential tool for businesses looking to efficiently navigate the complex regulatory landscape of alcohol distribution across multiple states.